How are Medicare physician fee schedule amounts adjusted?
The Medicare physician fee schedule amounts are adjusted to reflect the variation in practice costs from area to area. A geographic practice cost index (GPCI) has been established for every Medicare payment locality for each of the three components of a procedure's relative value unit (i.e., the RVUs for work, practice expense, and malpractice).
What is the CY 2020 Medicare physician fee schedule final rule?
The CY 2020 Medicare Physician Fee Schedule Final Rule was placed on display at the Federal Register on November 1, 2019. This final rule updates payment policies, payment rates, and other provisions for services furnished under the Medicare Physician Fee Schedule (PFS) on or after Jan. 1, 2020. This final rule adds services to the telehealth list.
Does Medicare have a physician payment schedule?
CMS is also required to establish by regulation each year’s payment amounts for all physician services paid under the Medicare Physician Payment Schedule, incorporating geographic adjustments to reflect the variations in the costs of furnishing services in different geographic areas.
What is the Physician Fee Schedule (PFS) proposed rule?
CMS issued the Calendar Year (CY) 2023 Physician Fee Schedule (PFS) proposed rule that announces and solicits public comments on proposed policy changes for Medicare payments under the PFS and other Medicare Part B payment policy issues. See a summary of key provisions. Proposals include: